703 Cauldwell Ave · New York, NY 10455

$649,999

3 bd · 1.5 ba · 1,152 sqft · SingleFamily public records · 35 Days on market

Built 1992 2,070 sqft lot Est $611k · 6% over

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Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +22.0/30.0
• DSCR +7.0/10.0
• Appreciation +6.1/10.0
• Schools +5.0/10.0
• 1% rule +4.8/10.0
• ARV discount +4.6/15.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Beautiful Single family home in the Melrose section of the South Bronx! Three Bed room duplex with 1.5 bath, finished basement and a beautiful large backyard which extends an additional 15 feet. The beautiful back yard is great for entertaining family and friends! Only walking distance to Jackson Avenue Train Station (2&5) for a quick commute to the City. The house is in good condition in a quiet residential area with a driveway for one car parking.

Key facts

• Private driveway
• Near major highways
• Finished basement

Tags

• OVERSIZED BACKYARD
• PRIVATE DRIVEWAY
• FINISHED BASEMENT
• NEAR MAJOR HIGHWAYS
• EASY ACCESS TO SHOPPING

Property features AI

Exterior

• Parking: Private driveway; 1 parking space
• Security: Smoke detectors
• Utilities: Con Edison electric; Natural gas connected; Public water connected; Public sewer; Trash collection (public); Cable available; Phone available
• Home design: Single family residence; Condition: Estimated
• Construction: Brick and frame construction; Full finished basement
• Exterior features: Balcony; Garden; Mailbox; Deck; Front and back yard; Fenced yard (full)

Interior

• Kitchen: Gas cooktop; Gas oven; Gas range; Microwave; Oven; Dishwasher; Refrigerator; Stainless steel appliances
• Bedrooms: Total rooms: 7; Full unfinished attic
• Flooring: Ceramic tile; Combination flooring; Wood flooring
• Bathrooms: 1 full bathroom; 1 half bathroom; Finished full basement
• Heating & cooling: Baseboard heating; Natural gas heating
• Interior features: Crown molding; Eat-in kitchen; Granite counters; High-speed internet available; Open floor plan; Open kitchen; Kitchen walkthrough; Washer/dryer hookup; Deck (patio/porch)
• Laundry & utility: Washer; Dryer; Washer hookup; Gas dryer hookup; Laundry in basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $650k.

Deal economics

• At list price, monthly cash flow is $1k ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $635k (2.3% below list).
• Recommended offer: $630k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.2% vs local median 2.6% in New York — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 75/100 on livability (#268 in NY, #4,188 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, health & safety A; Watch: crime F, cost of living F.
• Zoned schools: Elm Tree Elementary School (math 27% / reading 52%, grade F, #1,444 of 2,108 statewide, top 71%, 806 students, 94% FRL); Jhs 383 Philippa Schuyler (math 32% / reading 67%, grade C, #280 of 729 statewide, top 40%, 822 students, 85% FRL); Midwood High School (math 94% / reading 96%, grade A+, #83 of 1,100 statewide, top 8%, 4,062 students, 73% FRL).
• Market conditions: 26 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 6,929 units permitted in Bronx County in 2024 (6,829 in 5+ unit buildings).

Forward outlook

• In year one you build about $18k of equity ($4k loan paydown + $14k appreciation (2.1% local appreciation)).
• Bronx County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (2.1% appreciation + 3.0% rent growth), your $182k cash investment doubles in ~6 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$46k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 35 days — a 3% lower offer ($630k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 9y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $440k; 48% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $630,499 (3.0% below list)

Questions for the listing agent

1. It's been on market 35 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
4. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.98% ✗
• Cap rate: 8.21%
• Cash-on-cash: 6.83%
• DSCR: 1.30
• GRM: 8.5

CMA / ARV

• ARV (on-the-fly): $610,560
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
716 St Ann's Ave	0.07mi	3/1.5	1,152 (0%)	2mo	$610,000	$530	95
686 Saint Anns Ave	0.09mi	3/2.5	1,152 (0%)	1mo	$612,500	$532	91
690 Saint Anns Ave	0.08mi	3/1.5	1,200 (+4%)	8mo	$650,000	$542	83
644 Eagle Ave	0.10mi	3/1.5	1,250 (+8%)	19mo	$500,000	$400	65
738 Brook Ave #1	0.18mi	2/1.0 (-1)	1,284 (+12%)	22mo	$380,000	$296	47

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

2.14% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 11.6%
• Equity multiple: 1.63×
• Total profit: $114,864
• Equity at exit: $261,221

10-year hold

• IRR: 14.3%
• Equity multiple: 2.94×
• Total profit: $353,881
• Equity at exit: $379,919

Cash invested: $182,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 0 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City New York: 0 Strongly Tenant-Friendly · D+34

Rent Stabilization Code; HSTPA; 6+ months in housing court.

Methodology + full state rankings →

ZIP-level market 10455

• Home prices YoY: 1.5%
• Active inventory: 26
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $6,349 medium
• Mortgage (P&I): −$3,409
• Tax from tax record: −$301 /mo · $3,610/yr
• Insurance: −$271
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,333
• Net cashflow: $1,036

Break-even live

Break-even rent $5,038

Max offer price $649,999

Occupancy floor 79%

Sensitivity live

Price	-10% $1,404	-5% $1,220	+0% $1,036	+5% $852	+10% $668
Rent	-10% $534	-5% $785	+0% $1,036	+5% $1,287	+10% $1,537
Rate	-1.0pp $1,363	-0.5pp $1,201	base $1,036	+0.5pp $867	+1.0pp $696

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $162,500
• Closing costs: $19,500
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2413 3rd Ave Bronx, NY	1.0–3.0	1.0–2.0	857	$5,091	$5.94	1d	21	1.35mi
5 Lincoln Ave Bronx, NY	1.0–3.0	1.0–2.5	1011	$7,419	$7.33	0d	181	1.35mi

Listing history 12 events

1. 2026-04-29
   status Pending
2. 2026-04-14
   price $649,999
3. 2026-04-13
   price $650,000
4. 2026-03-24
   listed $660,000 Active
5. 2018-04-23
   soldstatus $440,000
6. 2018-04-03
   soldstatus $440,000 Sold 457-char remark

   Show marketing remark (457 chars)

   Beautiful Single family home in the Melrose section of the South Bronx! Three Bed room duplex with 1.5 bath, finished basement and a beautiful large backyard which extends an additional 15 feet. The beautiful back yard is great for entertaining family and friends! Only walking distance to Jackson Avenue Train Station (2&5) for a quick commute to the City. The house is in good condition in a quiet residential area with a driveway for one car parking.

7. 2017-12-05
   historical Pending 457-char remark

   Show marketing remark (457 chars)

   Beautiful Single family home in the Melrose section of the South Bronx! Three Bed room duplex with 1.5 bath, finished basement and a beautiful large backyard which extends an additional 15 feet. The beautiful back yard is great for entertaining family and friends! Only walking distance to Jackson Avenue Train Station (2&5) for a quick commute to the City. The house is in good condition in a quiet residential area with a driveway for one car parking.

8. 2017-11-07
   status Active 457-char remark

   Show marketing remark (457 chars)

   Beautiful Single family home in the Melrose section of the South Bronx! Three Bed room duplex with 1.5 bath, finished basement and a beautiful large backyard which extends an additional 15 feet. The beautiful back yard is great for entertaining family and friends! Only walking distance to Jackson Avenue Train Station (2&5) for a quick commute to the City. The house is in good condition in a quiet residential area with a driveway for one car parking.

9. 2017-09-29
   historical 457-char remark

   Show marketing remark (457 chars)

   Beautiful Single family home in the Melrose section of the South Bronx! Three Bed room duplex with 1.5 bath, finished basement and a beautiful large backyard which extends an additional 15 feet. The beautiful back yard is great for entertaining family and friends! Only walking distance to Jackson Avenue Train Station (2&5) for a quick commute to the City. The house is in good condition in a quiet residential area with a driveway for one car parking.

10. 2017-09-20
    price $445,000 457-char remark

    Show marketing remark (457 chars)

    Beautiful Single family home in the Melrose section of the South Bronx! Three Bed room duplex with 1.5 bath, finished basement and a beautiful large backyard which extends an additional 15 feet. The beautiful back yard is great for entertaining family and friends! Only walking distance to Jackson Avenue Train Station (2&5) for a quick commute to the City. The house is in good condition in a quiet residential area with a driveway for one car parking.

11. 2017-08-15
    listed $450,000 Active 457-char remark

    Show marketing remark (457 chars)

    Beautiful Single family home in the Melrose section of the South Bronx! Three Bed room duplex with 1.5 bath, finished basement and a beautiful large backyard which extends an additional 15 feet. The beautiful back yard is great for entertaining family and friends! Only walking distance to Jackson Avenue Train Station (2&5) for a quick commute to the City. The house is in good condition in a quiet residential area with a driveway for one car parking.

12. 1993-05-26
    soldstatus $71,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NY · Partial reset (capped growth)

• Current annual tax: $3,610 · $301/mo
• Projected year-2 tax: $7,297 · $608/mo
• Expected delta: +$3,688/yr (+$307/mo · 102.2%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥99°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $76,193
• − Mortgage interest: −$36,410
• − Property taxes: −$3,610
• − Insurance: −$3,250
• − Repairs & maintenance: −$6,095
• − Management: −$6,095
• − Depreciation: −$18,909
• Taxable income: $1,823
• Est. tax owed @ 24.0%: −$438
• After-tax cash flow: $11,991/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

No district data.

Livability — New York

• Score: 75/100
• State rank: #268
• US rank: #4188

Category grades

Amenities A+ Commute A+ Cost of living F Crime F Employment A- Housing C+ Health & safety A User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: New York, NY
• City population: 7,731,280
• Population (ZIP): 42,940

Population outlook (Bronx County) Hauer SSP2

• Today (2025): 1,607,353 people
• By 2030: 1,681,852 · +4.6%
• By 2040: 1,824,421 · +13.5%
• By 2050: 1,945,470 · +21.0%
• By 2075: 2,187,887 · +36.1%
• By 2100: 2,244,136 · +39.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (71%)
• Race & ethnicity: Hispanic / Latino 71% Black 24% Two or more races 17% White 1% Native American 1%
• Hispanic origin (detail): Mexican 15% Puerto Rican 27% Dominican 17%
• Foreign-born: 24% · Canada
• Languages at home: 35% English-only · Spanish 60% French/Haitian/Cajun 1%

Political lean MEDSL · Bronx

• 2024 margin: Solid D (+45.4) · D 72.7% · R 27.3%
• 2008→2024 swing: -32.3pp toward R · 2008: 77.8pp · 2024: 45.4pp
• All cycles: 2024: D+45.4 2020: D+67.6 2016: D+79.1 2012: D+82.9 2008: D+77.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 2.14%
• Current HPI: 145.3911
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

+815.5% since first listed

12 events — show timeline

• 2026-04-29 Pending — OneKey® MLS as Distributed by MLS Grid
• 2026-04-14 Price Changed $649,999 OneKey® MLS as Distributed by MLS Grid
• 2026-04-13 Price Changed $650,000 OneKey® MLS as Distributed by MLS Grid
• 2026-03-24 Listed $660,000 OneKey® MLS as Distributed by MLS Grid
• 2018-04-23 Sold (Public Records) $440,000 Public Records
• 2018-04-03 Sold (MLS) $440,000 OneKey® MLS as Distributed by MLS Grid
• 2017-12-05 Contingent — OneKey® MLS as Distributed by MLS Grid
• 2017-11-07 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2017-09-29 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2017-09-20 Price Changed $445,000 OneKey® MLS as Distributed by MLS Grid
• 2017-08-15 Listed $450,000 OneKey® MLS as Distributed by MLS Grid
• 1993-05-26 Sold (Public Records) $71,000 Public Records

Property tax history

+9.3%/yr

Latest (2025): $3,610 · +4.0% YoY. Source: county tax records.